7. wu 10.00 points Spam Corp. is financed enlirely by common slock and has a bela ol.75. The firm is expected to generate a level, perpelual stream of earnings and dividends. The slock tas a price-earrings ralio of 7.80 and a coer of equity of 12.82%. The corpany's slock is selling for $64. Now the fim decides to repurchase half of its shares and substitute an equal value of debt. The debt is risk free with an interest rate of 3.5%. The company is exempt from corporate income taxes. Assume MIM are correct. 2. Calculete the cost of equity after the netinancing (Enter your answer as a percent rounded to 2 decimal places.) Cost af equily b. Calculate the anal cost of capital (WACC) after the refinancing. (Enter your answer as a percent rounded to 2 decimal places.) Coet of capital C. Calculate the price-earnings ralio aller the reliancing. (Round your answer to 2 decimal places. Price-amings ratio d. Calculate the stock price after the refinancing. Round your answer to the nearest whole number.) Stack price o. Calculate the stock's hen after the refinancing (Round your answer to 1 decimal place. Stock's bela